Record Debt: The national debt has surged past $16 trillion on President Obama’s watch, and “the CBO projected that by the end of 2012, the American government will owe more money than the entire economy will generate in a year.” Analysis by Jim Pethokoukis shows the debt racked up by President Obama “could mean a $4,000 a year middle-class tax hike.”

“Middle-class families deserve a president who will get Washington moving on solutions that bring jobs home, clear the cloud of debt, and foster long-term economic growth,” said Speaker John Boehner last week. Vice President Biden made it pretty clear today that President Obama is not that president.